Director's interests in securities

Name of Company                     The Second Alliance Trust PLC
                                    
Name of Director                    Mr Gavin R. Suggett
                                    
Type of Transaction                 Increase in beneficial interest
                                    following purchase of shares
                                    (within PEP pursuant to regular
                                    standing order and standing
                                    election) by self and spouse.
                                    
Class of Security                   Ordinary stock units of 25p
                                    
Name of registered holder           Alliance Trust Savings Nominees
                                    Limited
                                    
Number of stock units               10 (8 self, 2 spouse)
                                    
Price per stock unit                �22.2000
                                    
Date of transaction                 9th July 2003
                                    
Date Company informed               10th July 2003
                                    
Total holdings following this       11,972
information

Total percentage of issued class    0.06%
                                    
                                    
                                    
This notification does not relate to dealings by persons otherwise
connected with the named director.

                                    

Name of contact                     Mr Ian Goddard

Telephone Number                    01382 201700

Date of notification                10th July 2003